About

The Researcher

Sharofiddin Ashurov
Gombak, Malaysia
International Islamic University Malaysia (IIUM)
0 Publications

Biography

Assoc. Prof. Dr. Sharofiddin Ashurov is a distinguished scholar and practitioner in Islamic banking and finance, currently serving at the Institute of Islamic Banking and Finance, International Islamic University Malaysia. He holds a PhD in Islamic Banking and Finance and has developed a multidisciplinary expertise spanning Shariah governance, financial risk management, and fintech innovation. Over the course of his academic career, he has progressed from Assistant Professor to Associate Professor while assuming key leadership roles, including Head of Programme, contributing significantly to curriculum development and postgraduate supervision. He has supervised and graduated a substantial number of Master’s and PhD candidates, reflecting his strong commitment to research and academic mentorship.

In parallel with his academic responsibilities, Dr. Ashurov plays an active role in the Islamic finance industry as a member of the Shariah Committee of Al Rajhi Bank Malaysia and the Development Bank of Tajikistan. His professional engagements extend to advisory roles in Central Asia and beyond, where he has contributed to the development of Shariah-compliant financial products, governance frameworks, and institutional transformation strategies. He has also been involved in high-level due diligence and financial advisory assignments, particularly in cross-border investment and Islamic microfinance transformation initiatives.

Dr. Ashurov’s research interests focus on Islamic finance sustainability, fintech integration, and the application of Maqasid al-Shariah in modern financial systems. He has published extensively in reputable academic journals and contributes to policy discussions on Islamic finance development in emerging markets. His work bridges theory and practice, offering actionable insights for regulators, financial institutions, and policymakers. In recognition of his academic and teaching excellence, he has received several awards, including the Best Lecturer Award and national-level research recognition. Through his combined academic leadership and industry engagement, Dr. Ashurov continues to advance the development of Islamic financial ecosystems across Malaysia and Central Asia.

Education

Bachelor in Economics

International University of Africa

Khartum Sudan

2002 - 2007

    Master Science in Finance

    International Islamic University Malaysia

    Gombak, Malaysia

    2008 - 2011

      Doctor of Philosophy in Islamic Banking and Finance

      Universiti Islam Antarabangsa Sultan Abdul Halim Mu'adzam Shah (UniSHAMS)

      Alor Setar, Kedah, Malaysia

      2012 - 2018

        Postgraduate Diploma in Islamic Studies

        International Islamic University Malaysia

        Gombak, Malaysia

        2019 - 2020

          Research Experience

          • Lead and contribute to research in Islamic banking, finance, and financial technology (FinTech) with a focus on social finance and sustainable development.
          • Develop frameworks for zakat distribution, waqf management, and Islamic financial systems to address socio-economic challenges in Muslim societies.
          • Conduct interdisciplinary research on blockchain, cryptocurrency, and digital payments within Islamic finance.
          • Collaborate with international researchers and institutions on projects related to SDGs, ESG, and Islamic social finance innovation.
          • Supervise 50+ PhD and Master’s research projects across areas such as Islamic banking performance, fintech adoption, zakat systems, and financial inclusion.
          • Investigating the role of fintech in enhancing zakat distribution efficiency across OIC countries.
          • Conducting pilot studies in Bangladesh to evaluate real-world implementation.
          • Linking Islamic social finance mechanisms with Sustainable Development Goals (SDGs).
          • Designed a framework to improve zakat management systems and reduce social inequality.
          • Focused on optimizing collection, allocation, and impact measurement of zakat funds.

          Work Experience

          Assoc. Prof. Dr. Sharofiddin Ashurov Islamic Finance | Shariah Governance | Fintech & Sustainable Finance

          • Driving the transformation of Islamic financial systems across academia, industry, and policy—bridging Malaysia and Central Asia and beyond through Shariah-compliant innovation, governance, and strategic advisory.

          Professional Experience Academic Leadership & Thought Leadership

          • Leading postgraduate education, research, and institutional development in Islamic banking and finance.
          • Associate Professor & Head of Programme, Islamic Banking and Finance (2023–Present)
          • Assistant Professor, Islamic Banking and Finance (2018–2022)
          • Academic leadership roles including Head of Institute and programme development (since 2018)
          • ---Impact---
          • Supervised 45+ postgraduate students (Master’s & PhD) in Islamic finance and risk management
          • Designed and delivered advanced curricula integrating AAOIFI standards, risk management, and fintech applications
          • Led academic quality assurance, curriculum transformation, and institutional governance initiatives
          • Shariah Governance & Banking Advisory

          Providing high-level Shariah oversight and advisory across Islamic financial institutions.

          • Member, Shariah Committee — Al Rajhi Bank Malaysia (2022–Present)
          • Member, Shariah Committee — Development Bank of Tajikistan (2025–2027)
          • Shariah Advisor — Alhadaya Company, Kazakhstan (2024–2025)
          • Former Member, Shariah Board — ALIF Bank (2020–2021)
          • Scholar in Residence — Maybank Islamic (2022–2023)
          • ---Impact---
          • Advised on Shariah-compliant product structuring, governance frameworks, and compliance systems
          • Strengthened Islamic banking practices across Malaysia and Central Asia
          • Supported implementation of ethical investment and regulatory-aligned financial standards
          • Strategic Advisory & International Consultancy

          Leading cross-border financial advisory, investment evaluation, and institutional transformation.

          • Head of Due Diligence & Central Asia Representative — SEARAVEN Global Corp Ltd
          • Funding & Financing Consultant (Public & Private Sector Projects)
          • Microcredit Transformation Specialist (Islamic Finance Systems)
          • ---Impact---
          • Conducted due diligence for large-scale investment and financing initiatives
          • Led cross-border negotiations and regulatory alignment efforts
          • Transformed conventional microfinance models into Shariah-compliant systems
          • Governance, Audit & Institutional Excellence

          Strengthening governance, compliance, and operational integrity.

          • Academic Quality Assurance Liaison (Curriculum & Accreditation)
          • Member, University Internal Audit Team (Risk & Compliance Oversight)
          • ---Impact---
          • Performed institutional audits and risk assessments aligned with regulatory standards
          • Enhanced internal controls, governance frameworks, and academic quality systems
          • Executive Training & Capacity Building

          Delivering high-impact professional training across the Islamic finance ecosystem.

          • Certified Professional Trainer — HRD Corp Malaysia
          • ---Impact---
          • Delivered training programmes to banks, regulators, and financial institutions across Malaysia and Central Asia
          • Covered key areas including Islamic banking operations, risk management, Shariah governance, and capital markets

          Awards & Recognitions

          Best Lecturer Award

          IIIUM Institute of Islamic Banking and Finance (IIiBF)

          2024

          Certified Professional Trainer

          HRD Corp, Malaysia

          2024

          Best Paper Award

          Ministry of Higher Education, Malaysia(MAPIM–KPT)

          2022

          Certified Shariah Practitioner

          Association of Shariah Advisors in Islamic Finance (ASAS), Malaysia

          2025

          Certificate of Appreciation

          Higher Colleges of Technology

          2023

          Certificate in Islamic Corporate Finance, Sharia Audit, Islamic Capital Markets

          Centre for Research and Training (CERT), Malaysia

          2025